secwatch.observer — SEC 8-K summary
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Issuer:     Magyar Bancorp, Inc. (MGYR)
CIK:        0001337068
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001174947-26-000112
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magyar Bancorp Q1 net income up 50% to $3.1M; declares $0.10 dividend
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- Net income of $3.1M vs $2.1M YoY; diluted EPS $0.50 vs $0.34.
- Net interest margin rose 37bp to 3.59%; loans grew $18.9M to $877.8M.
- Non-performing loans fell to 0.04% of loans; OREO sold to zero.
- Deposits increased $44.8M to $859.1M; book value per share $18.79.
- Quarterly dividend of $0.10 per share payable Feb 26, record Feb 12.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337068/000117494726000112/0001174947-26-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337068/000117494726000112/form8k-35129_mgyr.htm
  HTML page:      https://secwatch.observer/filing/0001174947-26-000112

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer